Papa John’s International, Inc. (NASDAQ:PZZA) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Papa John’s International, Inc. (NASDAQ:PZZA – Get Free Report) have been assigned a consensus rating of “Reduce” from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $36.50.

PZZA has been the topic of a number of recent research reports. Wall Street Zen downgraded Papa John’s International from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. Benchmark decreased their price objective on Papa John’s International from $50.00 to $45.00 and set a “buy” rating for the company in a report on Friday, May 8th. Piper Sandler lowered their price objective on shares of Papa John’s International from $32.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Mizuho dropped their target price on shares of Papa John’s International from $34.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Finally, Zacks Research downgraded shares of Papa John’s International from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th.

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Hedge Funds Weigh In On Papa John’s International

A number of large investors have recently bought and sold shares of PZZA. Royal Bank of Canada boosted its position in Papa John’s International by 32.8% during the 1st quarter. Royal Bank of Canada now owns 19,028 shares of the company’s stock valued at $781,000 after acquiring an additional 4,705 shares in the last quarter. AQR Capital Management LLC purchased a new position in shares of Papa John’s International in the 1st quarter valued at $600,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Papa John’s International by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,785 shares of the company’s stock worth $813,000 after acquiring an additional 879 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Papa John’s International by 25.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 310,653 shares of the company’s stock worth $12,762,000 after acquiring an additional 62,103 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Papa John’s International by 81.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 112,592 shares of the company’s stock worth $4,625,000 after acquiring an additional 50,536 shares in the last quarter.

Papa John’s International Stock Performance

Shares of NASDAQ:PZZA opened at $30.35 on Friday. The firm’s 50 day simple moving average is $33.75 and its 200-day simple moving average is $34.45. Papa John’s International has a one year low of $29.55 and a one year high of $55.74. The firm has a market cap of $998.51 million, a PE ratio of 36.57, a price-to-earnings-growth ratio of 2.09 and a beta of 1.12.

Papa John’s International (NASDAQ:PZZA – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The firm had revenue of $478.61 million during the quarter, compared to analysts’ expectations of $485.51 million. Papa John’s International had a net margin of 1.37% and a negative return on equity of 10.71%. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 EPS. Equities research analysts predict that Papa John’s International will post 1.48 EPS for the current fiscal year.

Papa John’s International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were paid a dividend of $0.46 per share. The ex-dividend date was Monday, May 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 6.1%. Papa John’s International’s dividend payout ratio (DPR) is currently 221.69%.

Papa John’s International Company Profile

(Get Free Report)

Papa John’s International, Inc is a leading American pizza restaurant chain known for its focus on high-quality ingredients and consistent product offerings. Founded in 1984 by John Schnatter in Jeffersonville, Indiana, the company has grown to operate thousands of restaurants across the United States and in more than 40 international markets. Papa John’s restaurants are primarily franchised, supported by a network of corporate-owned outlets that together drive brand standards, operational guidance and marketing efforts.

The core menu at Papa John’s centers on a variety of hand-tossed and pan pizzas made with a signature stone-baked crust and topped with real cheese, vine-ripened tomato sauce and premium meats and vegetables.

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